U.S. Bancorp $USB Shares Bought by Jump Financial LLC

Key Points

• Jump Financial LLC significantly increased its holdings in U.S. Bancorp by 1,952.5% during the first quarter, now owning 840,308 shares valued at approximately $35.5 million.
• U.S. Bancorp reported $1.11 earnings per share for the latest quarter, exceeding the consensus estimate of $1.07, with a quarterly revenue increase of 2.0% year-over-year.
• The company recently declared a $0.50 quarterly dividend, which translates to an annualized payout of $2.00 and a dividend yield of 4.1%.

Jump Financial LLC boosted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 1,952.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 840,308 shares of the financial services provider's stock after purchasing an additional 799,368 shares during the quarter. U.S. Bancorp makes up 0.5% of Jump Financial LLC's holdings, making the stock its 14th largest position. Jump Financial LLC owned about 0.05% of U.S. Bancorp worth $35,478,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in U.S. Bancorp by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider's stock worth $5,962,742,000 after buying an additional 2,393,383 shares during the last quarter. Northern Trust Corp boosted its holdings in U.S. Bancorp by 10.9% in the 4th quarter. Northern Trust Corp now owns 17,050,568 shares of the financial services provider's stock worth $815,529,000 after buying an additional 1,670,305 shares during the last quarter. Davis Selected Advisers lifted its stake in U.S. Bancorp by 3.6% in the 1st quarter. Davis Selected Advisers now owns 14,889,014 shares of the financial services provider's stock worth $628,614,000 after purchasing an additional 513,875 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in U.S. Bancorp by 11.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,574,919 shares of the financial services provider's stock worth $601,458,000 after purchasing an additional 1,339,493 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in U.S. Bancorp by 10.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,012,635 shares of the financial services provider's stock worth $464,953,000 after purchasing an additional 1,045,509 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Trading Up 0.9%

NYSE USB traded up $0.44 on Tuesday, reaching $48.60. The stock had a trading volume of 9,279,967 shares, compared to its average volume of 8,044,219. The firm has a market capitalization of $75.63 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 1.51 and a beta of 1.01. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The stock has a fifty day moving average price of $45.80 and a two-hundred day moving average price of $43.78.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.04. The company had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.1%. U.S. Bancorp's dividend payout ratio is currently 47.85%.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the company's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the sale, the executive vice president owned 70,346 shares of the company's stock, valued at approximately $3,259,833.64. This represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on USB shares. Raymond James Financial raised shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and raised their target price for the stock from $51.00 to $57.00 in a research note on Monday, July 7th. Wall Street Zen raised shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Cowen started coverage on shares of U.S. Bancorp in a research note on Wednesday, May 14th. They issued a "buy" rating on the stock. The Goldman Sachs Group raised their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 10th. Finally, Oppenheimer raised their target price on shares of U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $52.55.

U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.